350zCommtech's Account Talk

[350zCommTech]

Boom. Boom.

Trading in HSBC shares suspended in Hong Kong

By V. Phani Kumar
Last update: 8:08 p.m. EST March 1, 2009

HONG KONG (MarketWatch) -- Trading in shares of HSBC Holdings was suspended in Hong Kong Monday at the banking giant's request, pending "the announcement of a corporate action." The banking giant is due to announce its 2008 earnings report later in the day. Trading in the shares is expected to resume Tuesday. The Wall Street Journal reported that HSBC plans to curtail its foray into U.S. consumer lending by pulling back from key businesses. HSBC, which commands a weighting of more than 11% in the Hang Seng Index, is also widely expected to announce a multibillion-dollar share sale plan. HSBC shares ended down 0.9% on Friday.
http://www.marketwatch.com/news/story/trading-halted-hsbcs-stock-hong/story.aspx?guid={E11E544D-D871-4D17-A992-4F60B1065ECB}&siteid=bulletrss#comments

 

[mojo]

So much for healing. Tomorrow should be interesting.

 

[KevinD]

Protectionism?

 

[mojo]

S&P futures down 9+ already.

 

[350zCommTech]

Japan Faces 'Maximum Pain' Soon

http://www.cnbc.com/id/15840232?play=1&video=1047251046

 

[mojo]

vix is over 50. Let us know when your indicators show real capitulation. It now dropped back to 48.xx

Maybe hit 51 today?

 

[350zCommTech]

vix is over 50. Let us know when your indicators show real capitulation. It now dropped back to 48.xx

Maybe hit 51 today?

No real capitulation yet.

Sorry about the late post. I had a mid last night and just woke up this morning after a 3 hour sleep.

Update on ES: Note the confirmed breakout(down) of the channel.

View attachment 5926

 

[Steadygain]

Hey I just noticed you're the ELITE

.................................that's pretty cool


I'm hoping for a BS Bounce tomorrow :nuts:

I have to call it that since we're on the way down with absolutely no chance of things reversing in the near future.


......unless.....we can reverse the Earth's orbit - turn back time and warp into another dimension :toung:

 

[350zCommTech]

Hey I just noticed you're the ELITE

.................................that's pretty cool


I'm hoping for a BS Bounce tomorrow :nuts:

Thanks for noticing. It just means that I've spent too much time here.

I wish you good luck tomorrow Steady.

 

[mojo]

If we don't capitulate today tomorrow could be worse if OSMs panic tonight.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqloK.7YZ_8k&refer=home

Where's Timmy?

 

[350zCommTech]

If we don't capitulate today tomorrow could be worse if OSMs panic tonight.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqloK.7YZ_8k&refer=home

Where's Timmy?

Doing his taxes on Turbo Tax Premium?

 

[350zCommTech]

Next to fall?

View attachment 5927

 

[350zCommTech]

Dollar index futures at 89. Getting close to a top?

View attachment 5928

 

[mojo]

So HSBC didn't trade yesterday and Hang Seng was still -3.86%. Hmm.. wonder what tonight will bring.

Trading in HSBC shares suspended in Hong Kong

By V. Phani Kumar
Last update: 8:08 p.m. EST March 1, 2009

HONG KONG (MarketWatch) -- Trading in shares of HSBC Holdings was suspended in Hong Kong Monday at the banking giant's request, pending "the announcement of a corporate action." The banking giant is due to announce its 2008 earnings report later in the day. Trading in the shares is expected to resume Tuesday. The Wall Street Journal reported that HSBC plans to curtail its foray into U.S. consumer lending by pulling back from key businesses. HSBC, which commands a weighting of more than 11% in the Hang Seng Index, is also widely expected to announce a multibillion-dollar share sale plan. HSBC shares ended down 0.9% on Friday.
http://www.marketwatch.com/news/story/trading-halted-hsbcs-stock-hong/story.aspx?guid={E11E544D-D871-4D17-A992-4F60B1065ECB}&siteid=bulletrss#comments

 

[350zCommTech]

I'm seeing some kind of a pattern here.

View attachment 5929

 

[Steadygain]

I'm seeing some kind of a pattern here.

View attachment 5929

Yeah, I think it's called the Stairway to Hell

........at least - that's how I see it.

 

[350zCommTech]

Here is the Japanese PPT tonight.

Japan to use forex reserves to ease credit squeeze

Mon Mar 2, 2009 8:13pm EST

(For more stories on the Japanese economy, click [ID:nECONJP])
TOKYO, March 3 (Reuters) - Finance Minister Kaoru Yosano said on Tuesday the government would use some of Japan's large foreign exchange reserves to ease a squeeze in corporate finance, as the annual balance date looms for many Japanese companies.

The government will loan $5 billion this month from its foreign reserves to the Japan Bank for International Cooperation (JBIC), which has been charged with helping ease the pressure on Japanese companies from the global credit squeeze. [ID:nT269379]

"We expect difficulties in corporate financing in Japan as well as overseas to reach their peak soon as economic difficulties deepen," Yosano, also economics minister, told a news conference after a cabinet meeting.

He also said a more-than-reasonable fall in stock prices cannot be ignored, as Tokyo's Nikkei share average .N225 heads nearer to 26-year lows.

(Reporting by Yuzo Saeki; Writing by Rodney Joyce)
http://www.reuters.com/article/marketsNews/idINTKU10328320090303?rpc=44

 

[Frixxxx]

I'm seeing some kind of a pattern here.

View attachment 5929

One more pattern like that and we're at 650....down she goes!!!:blink:

 

[350zCommTech]

It's stick save time!!!!

Obama considers funds to buy bad assets: report

Mon Mar 2, 2009 9:50pm EST

NEW YORK (Reuters) - The Obama administration is considering a plan to purchase bad loans and other distressed assets by creating multiple investments funds, according to The Wall Street Journal, quoting people familiar with the matter.
The funds would be part of what the administration is calling a private-public financing partnership that would take distressed assets off banks' books. No decision has been made on the partnership's final structure, but a set of separate funds run by private investment managers is one leading idea, according to the Journal.
The managers, the Journal said, would have to put up a certain amount of capital while additional financing would come from the government. The government would share in any profit or loss.

http://www.reuters.com/article/newsOne/idUSTRE5220E420090303

Actually, there's still no detail. This is just another attempt to rally the market while the PPT operate in the background, with nothing but more than blah..blah....blah... They still don't have a concrete plan.

The dollar fell and futures are up nicely, probably due to short covering and the PPT.

 

[Rod]

It's stick save time!!!!


Actually, there's still no detail. This is just another attempt to rally the market while the PPT operate in the background, with nothing but more than blah..blah....blah... They still don't have a concrete plan.

The dollar fell and futures are up nicely, probably due to short covering and the PPT.

Japan is hanging tough too.